Bse India Norms: The New And Improved

By Author: Niveza Investor Exchange
Total Articles: 14
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Change is the law of nature and comes into action either on employment of new things or up-gradation of the older ones. To explicate, BSE India being the premier Indian stock exchange and its main aim being to promote, develop and maintain a well regulated market for dealing in securities and to safeguard the interest of members, BSE India & NSE India invariably exert to bring some changes to the working of the Indian stock markets. To start with, last time we had discussed about the launch of BSE India GREENEX as a contribution of BSE towards CSR.

For an instance, BSEIndia recently launched first phase of Alliance with the BRICS nation Exchanges.

Thereby BSE India inaugurated trading in Hang Seng Index Futures, FTSE/JSE Top40 Futures, iBOVESPA futures and MICEX Index Futures. BSE's motive behind was to provide exposure to investors to a variety of financial products in these competing world markets. According to BSE India, BRICS nation is an emerging market and would definitely contribute to economic growth.

On the domestic front, BSE India recently introduced a new SME Exchange platform. BSE's goal ...
... was to build a platform for all small and medium sector enterprises to raise money through equities. Later NSE India too followed the footsteps. Accordingly, the first entrant to the BSE SME exchange was BCB Finance Ltd.

Recently, BSE India announced eligibility criteria for listing of SMEs into the BSE SME Exchange.

To list them out

BSE criteria 1: Minimum Net tangible assets of 1 crore according to the audited financial statements.

BSE criteria 2: Minimum Net worth of 1 crore excluding revaluation reserves.

BSE criteria 3: Should present at least two immediately preceding financial years' distributable profits out of three.

BSE criteria 4: Demat trading facilities in both the depositories is compulsory.

BSE criteria 5: Certification that supports no BIFR and winding up petition against the company.

BSE criteria 6: The BSE SME interested promoters will have to go through an interview the Advisory committee.

BSE criteria 7: Latter migration from BSE SME platform to BSE will require satisfaction of eligibility criteria of that of BSE India.

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